Why is Garware Marine falling/rising?

As of 30-Sep, Garware Marine Industries Ltd is experiencing a price increase, currently at 29.36, reflecting a change of 0.69 or 2.41% upward. The stock has been gaining momentum, having outperformed its sector by 3.12% today and showing a consecutive gain over the last two days with a total return of 7.51%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite these positive short-term indicators, the company faces long-term challenges, including a weak return on equity (ROE) of 1.29% and poor growth in net sales and operating profit over the past five years. The stock's valuation appears expensive relative to its fundamentals, which may temper investor enthusiasm despite recent gains.
In the broader market context, Garware Marine's short-term performance contrasts sharply with the benchmark, as it has gained 5.73% over the past week while the Sensex has declined by 2.23%. However, the stock has underperformed over longer periods, with a year-to-date return of -6.73% compared to the Sensex's 2.72% gain. This disparity highlights the stock's volatility and the challenges it faces in maintaining investor confidence amid weak long-term fundamentals. The recent increase in delivery volume suggests rising investor participation, but the overall negative sentiment from its historical performance and fundamental weaknesses may still pose risks for sustained growth.